Lockton Re has brokered a strategic partnership agreement between CloudInsure, a cloud insurance platform, and Liberty International Underwriters (LIU). The new insurance platform is supported by CloudInsure's underwriting models and proprietary analytics.
LIU is the first primary insurance carrier to offer capacity and coverage specifically tailored for this platform covering data privacy and technology errors and omissions risks in the cloud environment.
CloudInsure clients will have access to specialist privacy cover for data stored in the cloud should it be unintentionally released, and technology errors and omissions coverage if their systems fail to deliver as promised. The data insurance products will provide access to pre and post-loss support services including pre-loss risk management, post-loss computer forensics, credit monitoring and restoration, data breach notification services, and legal advice.
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